That the only thing we have to fear is fear itself. By the time Franklin Roosevelt gives his 199033 speech, a quarter of the nation is unemployed. 5000 banks have failed and drought is persisting in key agricultural areas of the country. You people must have faith. Coming up in the next hour, stories from the Great Depression as we take you around the country to places like around the country to places like toledo. The banking failure of the Great Depression. 26 for Infrastructure Projects of the times impacting us today. And to one ending in tragedy. We will take you to st. Paul where a depression era gangster and the corrupt police force strike a bargain. We will explore the impact of programs like the civilian conservation corps, as we go to kansas outside of amarillo, texas. We would not have a park here if it were not for the corp. And we will learn about the people who were hit hardest, and their tails. When the sun comes shining announcer we take a trip to toledo, ohio. In the 1
Unemployment claims last week, but we are seeing sectors most sensitive to economic reopening. Sharply hire American Airlines rilgt now, trade iing up some 45 wilfred. Its actually pared some of those gains. About 43 . Ahead on todays show, tim ryan has a six step plan outlining his companys pledge to support black lives and it goes well beyond cash donations. Hell join us with his message plus, a key question for millions of newly unemployed americans. What happens when federal stimulus programs run out . Lets focus though on the big stories were watching today first of all mike is tracking the Market Action phil lebeau is watching a huge surge for airlines before the pullback and Courtney Reagan covering a battle between landlords and retailers, but mike, lets start with you and the broader markets. Hard to make too much of this headline softness after such a sprint that the market has had take a look at the two year chart the s p has had. We did see today mostly, the nasdaq 100, cli
For a one trillion dollar loss on wall street or was he a convenient scapegoat for taking on big investors. And the story of the world over Migrant Workers stranded in thailand without jobs and no money for rental food. The worlds 20 largest economies agreed to give 76. 00 of the poorest a Debt Repayment holiday but china has yet to publicly offer any support at a time many nations need the extra financial headroom to tackle the coronavirus pandemic beijing has been rapidly rolling out its belt and road initiatives to build infrastructure and increase its influence in mostly developing nations its land jass has come a huge cost for many of the 138. 00 nations that have signed up to the program you may remember sri lanka couldnt keep up with payments on the ports and eventually had to hand over the facility on a 100 year lease many nations have been rethinking their involvement amid accusations china was over pricing road and rail links. Trying to understand just how much money beijing
This is the moment to stop all military action this is the moment. On fighting. This is counting the cost on aljazeera your weekly look at the world of business and economics this week predatory lender and hidden debts china loans more money to the world than the richest 32. 00 nations what does the world china and what does beijing get when you dont pay our. Was this man really responsible for a one trillion dollar loss on wall street or was convenient scapegoat for taking on big investors. And the story of the world over Migrant Workers stranded in thailand without jobs and no money for rent or food. The worlds 20 largest economies agreed to give 76. 00 of the poorest a Debt Repayment holiday but china has yet to publicly offer any support at a time many nations need the extra financial headroom to tackle the coronavirus pandemic beijing has been rapidly rolling out its belt and road initiatives to build infrastructure and increase its influence in mostly developing nations. Has come
Supporters there backing his call to lift restrictions despite an increasing number of cases. And a sigh of relief for the u. S. Economy as carmakers send their employees back to work. The worlds 3rd largest economy has slipped into recession japan has been hit hard by the coronavirus pandemic its economy shrank for the 2nd consecutive quarter by just under one percent in the 1st 3 months of this year Prime Minister shinzo abhi had announced a massive Relief Program last month to keep the economy on track japan has recorded more than 16000 cases of the virus and close to 750 deaths Robert Wright is in seoul he says the stimulus announced by the japanese government may not be enough to revive the economy. Weve had now 2 quarters where the economy has contract and so it is in a recession but this started at the end of last year in the last quarter this is well before anybody had even heard of coded 19 japan had already been hit by a rise in a culture of virtual sales tax from 8 percent t